Water Experts Comment on Budget 2017

April 12, 2017

From the article: “WaterTAP is encouraged that the federal government is dedicating resources to scaling high-potential, innovative clean technology businesses. Budget 2017 outlines new financing tools through BDC and EDC, and, in particular, the Venture Capital Catalyst Initiative as well as renewed funding for the Sustainable Development Technology Canada SD Tech Fund is welcome news.

“We’re also glad to see a commitment to further investment in skills and innovation to benefit green growth. We know of many Ontario-based companies that will take advantage of new ways to gain access to global talent, and we’re keen to see how the country can benefit from the new Invest in Canada Hub and the Canada Free Trade Agreement. Additionally, a Global Affairs Canada international clean technology strategy could have the potential to provide a helpful boost for Canada’s water tech companies as they address the challenges and opportunities of driving global sales.

“We are also encouraged by the recognition of the value of developing superclusters that pull stakeholders together to engage in innovation, technology, and market development in strategic sectors. Specific cleantech sub-sectors, such as water and energy, are key enablers across the entire Canadian economy and, as such, should be at the nexus of these clusters.”